Feature

Fossil: Timely Growth Story

The watch maker's stock has been erratic, but sales are strong and the outlook is good.

It's quite a feat to sell watches in an age when no one really needs to wear one. But Fossil has done just that, doubling its sales and nearly tripling its income in the past five years. After an up-and-down 2012, Fossil looks poised for another period of rapid growth as it accelerates its expansion into Asia.

Fossil's stock (ticker: FOSL) has risen in recent weeks, and is up 13% this year, but it still trades at about 17 times expected 2013 earnings. That's in line with its historical average and less expensive than...